x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Importance of Co-curricular Activities in Colleges | Jammu & Kashmir’s MSME Sector: A Path to Sustainable Growth | Why is there no space for childhood in newspapers? | DPAP Turns Irrelevant | Doda Police traced out missing person, reunites with his families | One day district level workshop on Panchayat Advancement Index held | Committee on Privileges holds meeting in Srinagar | DLSA organizes One- Day capacity building programme | DC Doda chairs DLIC meeting to approve 66 cases under Mission YUVA | J&K people know Pak is their biggest enemy: LG Sinha | LG reviews progress of Pradhan Mantri TB Mukt Bharat Abhiyaan | Undeterred by threats, devotees flock to Amarnath, one lakh complete journey in 6-days | Swift Police action helps recover elderly Amarnath pilgrim’s bag | E-comm platforms, online payments services being abused for terror financing: FATF | Anti-Constitutional: Farooq Abdullah on revision of electoral rolls in Bihar | CRPF Chief reviews Amarnath Yatra security | 2 held for unauthorised excavation at graveyard | Schools reopen after summer break | 6 drug peddlers held with heroin | Vishwa Yog Sansthan organizes plantation drive in Jammu | Dy CM conducts surprise inspection of CE R&B, PMGSY offices | Jammu police restores Rs 62 lakhs to Hyderabad complainant in landmark case | Devyani Rana assures public on 2nd Toll Plaza in Nagrota Constituency | SSP Kishtwar holds crime review meeting of sub-division Kishtwar | Arvind reviews healthcare upgrade plans at SDH Sarwal | Rana felicitates officials of Wildlife Department at Dachigam | Electoral reforms can't be called Unconstitutional: Kavinder | Satish Sharma launches Kashmir Super League 2025 | Employee under-trial, in a criminal case, is not entitled to salary: HC | Chief Judicial Magistrate sentence six month imprisonment in eve teasing case | Indian Navy signs contract with BEL for implementation of NMDA Project | Puneet Mahajan, meets renowned social activist Sandhya Dhar | MLA Dr. Rameshwar initiates first-ever Hari Prayag Khumb Mela at Bani | DLIC Kupwara approves 72 cases under Mission YUVA scheme | Drug peddler arrested by Udhampur Police | DC Baramulla reviews progress under Capex Budget 2025-26 | JKEDI concludes MDPs in 4 districts, trains 81 entrepreneurs under RAMP | Awareness camp under BBBP held at Hermain Shopian | FVSc and AH, SKUAST-J celebrates World Zoonoses Day- 2025 | Special Lok-Adalat for MACT & Matrimonial Cases on July 26 in Kulgam | DLIC approves 59 cases under Mission Yuva scheme in Ganderbal | The Chatter Box to host Insane Comic on 13th July in Jammu | JU's Bhaderwah Campus unites Global Experts in Ladakh to Address Climate Crisis in the Indian Himalayas | Deepti Sharma rises to 2nd in ICC WT20I rankings, in touching distance of top spot | Govt GLDM Degree College, Hiranagar Featured in "INTACH VIRASAT" Magazine | Central University of Jammu signs MoU with Government Medical College | Desh Bhagat Global School Shines at The Educator Pinnacle Awards-2025 | MCM's Hindi Department fosters literary excellence and cultural pride | Tennis players regularly handle pressure that's comparable to India's WC games vs Pak: Kohli | Back Issues  
 
news details
Chidambaram remains non-cooperative, CBI may ask for extension of custody: Sources
8/26/2019 12:05:52 AM
Agencies

New Delhi, Aug 25: Sources have told national channel that the CBI may ask for an extension of P Chidambaram's custody.
Senior Congress leader P Chidambaram, who is hoping to not spend another night in the CBI's lock-up on Monday, has been non-cooperative during the interrogation, sources said.
According to sources, the former finance minister was grilled over the FIPB approvals granted by his then ministry from 2004 to 2008 and 2012 to 2014. However, when the interrogators asked him about the INX media approvals files, he allegedly remained silent and non-cooperative.
Sources have told that the CBI may ask for an extension of P Chidambaram's custody.
As per reports it has learnt that the CBI provided him with a list of all the clearances given by him while he was the finance minister and has asked to explain the procedures followed during the FIPB approvals. It has been alleged that Chidambaram knowingly approved the FIPB files of INX media containing violation to benefit his son Karti Chidambaram.
However, the CBI will keep a close eye on the Supreme Court proceedings in which the arrest by CBI has been challenged by P Chidambaram through his lawyers.
The Enforcement Directorate which has been demanding custodial interrogation of P Chidambaram has opposed the plea filed by Chidambaram's lawyer in Supreme Court that he should be granted anticipatory bail.
Both the matters will be heard by Supreme Court on Monday.
Former DEA secretary D Subbarao had told CBI in INX Media case that "violations" in the deal approving the Foreign Direct Investment (FDI) for the company were not brought to the notice of the Foreign Investment Promotion Board (FIPB), reveal official records.
Subbarao, who was the chairman of the FIPB which gave clearance to INX Media, recorded his statement under Section 161 of the CrPC saying "the non-compliance of the procedure by INX Media was not brought to the notice of the board, hence they were not aware of it."
"The two pages note prepared by the FIPB secretariat annexed with the application of INX Media also did not have any violation or non-compliance details," Subbarao said in his statement to CBI.
"Everything was clear in papers and hence the board recommended for approval to the then finance minister," Subbarao added.
According to allegations, on May 31, INX Media got a Foreign Investment Promotion Board (FIPB) approval to bring in Rs 50 crore FDI from Mauritius. But the taxmen found the company had brought in Rs 305 crore.
To finalise the deal, Indrani Mukerjea, who headed INX Media and turned approver in the case in July this year, claims desperately to end the tax heat she and her husband Peter Mukerjea, met the then finance minister.
She in her statement has alleged Chidambaram promised a post-facto FIPB approval and demanded the Mukerjeas pay Rs 5 crore to a company associated with Karti Chidambaram. Negotiations started in June 2008 and payments were made during September 2008. On November 11, 2008, the FIPB provided the approval INX Media needed.
In the approval, signed by then undersecretary of FIPB, R Prasad, "Foreign Equity Participation was increased from 12.82 per cent to 24.83 per cent in paid capital for the sum of Rs 7,37,50,000 of INX Media Pvt Ltd."
According to the findings, Advantage Strategic Consulting Pvt Ltd (ASCPL), a company allegedly owned by Karti Chidambaram, had received the fund in the guise of consultancy charges from some more companies/individuals that have received FIPB approval from Ministry of Finance. The investigation further revealed that ASCPL never had the requisite staff to render any consultancy or tender advice.
"Further documents suggests that since inception M/S ASCPL is being controlled by Karti Chidambaram," said a source.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU